unemployment, including the sharp rise in U.S. long-term unemployment during the Great Recession of 2007-09. About 75% of the … forecast error variance of unemployment is accounted for by cyclical factors-real GDP changes (?Okun‘s Law?), monetary and … dispersion of industry-level stock returns, account for the remaining 25 percent. For U.S. long-term unemployment the split …

growth is exogenously determined, we show that in the initial stages of transition unemployment will rise over time. After a … critical stage in the transition process, restructuring is accompanied by a decline in unemployment. When growth is … is determined by the level of human capital in the private sector and the rate of unemployment. The effects of various …